Project has multi-million ounce potential: Hamlyn

Project has multi-million ounce potential: Hamlyn - The West Australian

Excelsior Gold is weighing up the merits of establishing its own processing plant as the company moves towards production at its Kalgoorlie North Gold Project in the next 12 months.

With next month’s Diggers and Dealers Mining Forum shaping as a key investor rally for Excelsior, managing director David Hamlyn has declared the project 45km north of Kalgoorlie-Boulder has multi-million ounce potential.

The 25km strike covers a well mineralised greenstone sequence known as the Bardoc Tectonic Zone, which hosts million ounce deposits at Norton Gold Field’s Paddington operations to the south and Aphrodite Gold’s Aphrodite deposit to the north.

“We have been looking at other mills in the area as a potential cheaper option to get into production,” Mr Hamlyn said.

“Certainly the sort of dirt in the Excelsior deposit is a softer type of material, which some of the mills in the area are keen to get hold of because they want to blend it with their own hard ore sources.

“That is something we’re reviewing. However, we’re also mindful the Zoroastrian deposit is getting a lot larger and we’re quite keen to look at the possibility of putting our own mill in there."